ADVENTURE PHOTO AS: årsregnskap 2018 vs 2017
Weaker earnings
approved 2019-03-21; registry 2019-03-26; journal 2019 251975
Summary
What changed
Comparing Årsregnskap 2018 with 2017 for ADVENTURE PHOTO AS. Revenue 1.05m NOK → 1.05m NOK (+0.2%). Net result +84.8k NOK → +3 NOK. Equity 190.2k NOK → 151.2k NOK.
On the constructive side: revenue rose; cash rose; payroll decreased. Pressures included: net result weakened; equity eroded.
Also worth watching: cogs fell. All figures are taken from the published annual accounts for ADVENTURE PHOTO AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 1.05m NOK to 1.05m NOK (+0.2% YoY). Calculated
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↑
Cash rose
Bank deposits 53.4k NOK → 61.8k NOK (+15.7% YoY). Calculated
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↑
Payroll decreased
Salary cost 224.3k NOK → 216.9k NOK (21% → 21% of revenue). Calculated
What deteriorated
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↓
Net result weakened
Net result +84.8k NOK → +3 NOK (net margin 8.1% → 0.0%). Calculated
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↓
Equity eroded
Book equity 190.2k NOK → 151.2k NOK (equity ratio 66.8% → 55.8%). Calculated
Things to notice
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·
COGS fell
COGS / varekostnad 7 730 NOK → 1 880 NOK (-75.7% YoY). Calculated